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U.S. Mortgage Rates Climb to One-Year High as Prices Keep Rising

U.S. Mortgage Rates Climb to One-Year High as Prices Keep Rising

Average long-term mortgage rates rose for a fourth straight week to their highest level in a year, further squeezing homebuyers. Elevated borrowing costs and rising home prices continue to weigh on affordability.

Original headline

Mortgage rates hit highest level in a year as home price soar